Värde promotes Asia credit head to partner
Värde Partners has promoted Haseeb Malik, a senior managing director based in its Singapore office and head of Asia corporate and traded credit, to partner. It is one of three senior promotions announced by the firm worldwide.
In addition to Malik, Brad Bauer, a partner at Värde and global head of private debt, transportation, and energy, has been promoted to deputy CIO. Elena Lieskovska, the head of European Financial Services, has been raised to partner in the firm's London office.
Malik joined Värde in 2006 and helped launch the firm’s Singapore office in 2008. Värde credits him with helping build its presence in large corporate restructurings in Asia, and with leading the establishment of Värde’s presence in India. Prior to Värde, Malik spent three years as an associate at Ripplewood Holdings, a private equity firm focused on buyouts in the US and Japan.
India is a key market for Värde, which has invested nearly $500 million in the market over the last five years across stressed, distressed, special situations, and lending assets. Last year the firm partnered with Aditya Birla Capital to launch a joint venture focused on stressed and distressed assets, with joint ownership of Aditya Birla’s asset reconstruction company.
Värde has $14 billion in assets under management and has invested $4 billion across 15 Asia-Pacific countries since its inception. Its presence in the region includes offices in Singapore, Hong Kong, Mumbai, Sydney, and Tokyo.
The firm closed its debut Asia-focused credit fund last year with about $400 million in commitments. Investments by Värde Asia Credit Fund will follow a similar strategy to that pursued by its manager on a global level.
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